A fast-rising rival of Shiba Inu (SHIB) and Dogecoin (DOGE) is soaring after the project revealed an updated roadmap for 2023.
The Ethereum-based dog-themed memecoin Floki (FLOKI) teleported from a 24-hour low of $.00003955 to a high of $.00005586, a whopping 41% increase.
The rally followed an update from the team detailing what the team is looking to accomplish for the remainder of the year.
The list includes the launch of staking, a DeFi lending and borrowing platform and a Floki debit card.
On Wednesday, Floki announced it’s teaming up with Amino, a platform aimed at creating a health and fitness-focused ecosystem that rewards users in cryptocurrency.
Amino says it plans to store up to $8 million in tokens in Floki’s crypto locker protocol once it’s live.
Floki was created in June of 2021, after Elon Musk said he was naming his Shiba Inu puppy “Floki.”
The altcoin now has a $508 million market cap and is currently trading at $0.000052, up 33% in the last 24 hours.
Featured Image: Shutterstock/Pavel Chagochkin/Vladimir Sazonov